Trade Indices with CFDs | Online CFD Trading

CFD Trading on Indices
Trade CFDs on major global Indices
Support 0.01 lot trading
Competitive spread offering
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CFD Trading on Indices
Trade CFDs on major global Indices
Support 0.01 lot trading
Leverage 100:1

BENEFITS OF TRADING INDICES CFDs
WITH BYFX GLOBAL

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Access into Global Equity Market

Each global market has its own influences, opening hours and policies. Access the global market without owning the underlying assets

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No Expiry Date

At BYFX Global, we offer you cash CFDs on indices trading, with no expiry dates and tighter spreads compared to  future CFD.

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Trade on Margin

BYFX Global offers flexible leverage for traders to maximize the impact of their trades.

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Portfolio Diversification

Indices trading offers access to various global equity market, meaning you can diversify your trading strategies across different instruments.

What is CFD Trading on Indices?

Index CFDs are financial derivatives gives you access into various stock markets without buying or selling the underlying assets. Index CFD trading allows traders to speculate on trade on the price movements of the performance of each overall stock market.

A stock market index is a measurement of a section of the stock market in a region and is typically a weighted value that indicates the value of the selected stocks. Our cash index CFDs are undated transactions which aim to replicate the cash price of the underlying index, and therefore adjusted for interest and dividends.

At BYFX Global, we bring our traders an easy simple experience to trade Index CFDs online.

TRADING SYMBOL UNDERLYING INDEX DENOMINATION Contract size per lot MINIMUM/ MAXIMUM CONTRACT SIZE (LOTS) Spreads
(Low Spread /ECN Account)
SESSION TIME
(BEIJING TIME)
DOWUSD The Dow Industrial Average (US30) USD 10 contracts  0.01 / 5 35 Mon 06:35 – Sat 04:10 (Summertime)
Mon 07:35 – Sat 05:10 (Wintertime)
HSIHKD Hang Seng Index (HK50) HKD  50 contracts  0.01 / 5 16 Mon– Fri 09:15 – 11:55,
13:00 – 16:10

Trading Symbol DOWUSD
UNDERLYING INDEX The Dow Industrial Average (US30)
DENOMINATION USD
CONTRACT SIZE PER LOT 10 contracts
MINIMUM/ MAXIMUM CONTRACT SIZE (LOTS) 0.01 / 10
SPREADS(ECN ACCOUNT) 35
SESSION TIME
(BEIJING TIME)
Mon 06:35 – Sat 04:10 (Summertime)
Mon 07:35 – Sat 05:10 (Wintertime)

Trading Symbol HSIHKD
UNDERLYING INDEX Hang Seng Index (HK50)
DENOMINATION HKD
CONTRACT SIZE PER LOT 10 contracts
MINIMUM/ MAXIMUM CONTRACT SIZE (LOTS) 0.01 / 5
SPREADS(ECN ACCOUNT) 16
SESSION TIME
(BEIJING TIME)
Mon– Fri 09:15 – 11:55,
13:00 – 16:10

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What is The Dow Industrial Average Index?
Trading Symbol DOWUSD1

  • The Dow Jones Industrial Average, often referred to as The DOW or DJIA, is a price-weighted index that tracks the value of 30 publicly owned companies listed on the NASDAQ and the New York Stock Exchange (NYSE). It is represented in real-time by The DOW price. The DOW has grown to become one of the oldest and most-watched indices and is seen by investors as an indicator to the US stock market.
  • The index includes some of the world’s largest companies by market capitalisation, including Apple Inc (AAPL), Exxon Mobil Corp (XOM) and The Walt Disney Company (DIS), thus making Dow trading popular with many of our clients.

1Interest and dividend adjustments are applied in overnight holding cost (“rollover charges”), when a position is held overnight, i.e. past 16.55 EST and is based on the size of the position.

What is Hang Seng Index?

Trading Symbol HSIHKD2

  • The Hang Seng Index, also abbreviated as HSI, is one of the earliest stock market indexes in Hong Kong. Publicly launched in 1969, HSI has become the most widely quoted indicator of the performance of the Hong Kong stock market.
  • The Hang Seng Index is a free float-adjusted market-capitalization-weighted index that tracks the value of 50 publicly owned companies listed on the Hong Kong Stock Exchange. These 50 constituent companies are some of Hong Kong’s largest companies by market capitalisation, and represent about 58% of the Hong Kong Stock Exchange.

2Interest and dividend adjustments are applied in overnight holding cost (“rollover charges”), when a position is held overnight, i.e. past 4.55 HKT and is based on the size of the position.

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OTHER IMPORTANT NOTICE

DOWUSD trading incurs financing cost (Rollover)
CFDs on cash stock indices are undated transactions that do not expire. For each day that a position is open, adjustments are calculated to reflect the effect of (i) financing fee, and, if necessary, (ii) dividends.

i) A daily interest adjustment is calculated for any position that is held overnight, i.e. past 16.45 of the time zone of the index. These adjustments are posted daily to the client’s account. Please note that on Fridays open positions will be adjusted for 3 days funding, covering the weekend.
Interest in respect of long positions is debited from a client’s account, and interest in respect of short positions is either credited to or debited from a client’s account.

ii) A dividend adjustment is applied to take account of the ex-dividend adjustment to the index. Dividend adjustments will apply on the eve of the ex-dividend date of the constituent members of the relevant Index. The adjustment will appear as a debit or credit cash entry in the rollover “swap”.

In most cases, if you long an Index CFD, you are credited a dividend adjustment. If you are short, you will be debited a dividend adjustment.

For further information regarding dividends click here.

Double margin (1:50 leverage) applies to open DOWUSD positions at 03:45 GMT+8 Saturday (Summer time) and 04:45 GMT+8 Saturday (Winter time). Please be aware that once implemented, any margin deficit in account will subject to an automated liquidation to any position to bring the account into margin compliance. Please carefully review the likely impact of Double Margin for weekend rollover and manage the risk accordingly.

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